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Attention POWER REPORT Readers: Go to
http://www.powermarketers.com/prdaily.htm to view today's edition with direct headline links to each story.] ====================================================================== The Industry's Preferred Source For Breaking Energy News And Information http://www.powermarketers.com ---------------------------------------------------------------------- T H E P O W E R M A R K E T E R S .C O M P O W E R R E P O R T Today's Headlines From POWERMARKETERS.COM Subscriptions to The PowerMarketers.com Power Report are free - you will never be charged. You may redistribute this e-mail without change. You may not redistribute stories. To register for a free subscription, point your browser to: http://www.retailenergy.com/pma/dprreg.htm ************************************************************************ ------Advertisement------ THE ENERGY INFO SOURCE TRANSMISSION REPORT (December 2000 Edition) * Detailed Analysis of October 15th RTO and ISO Filings * Transcos and Gridcos * Maps of Transco and RTO areas * Much, much more. http://www.pmaconference.com/Transmission.pdf FINANCIAL TIMES NORTH AMERICAN ELECTRIC POWER SYSTEM WALL MAP Special Holiday Offer-- $100 Off if Ordered by New Years! http://www.pmaconference.com/powermaps.pdf ************************************************************************ ------Advertisement------ MANAGING THE RISK OF RETAIL OPERATIONS -- January 18-19, 2001, Orlando http://www.pmaconference.com/retailrisk1.18.pdf NUCLEAR ASSET DIVESTITURE -- Jan 30-Feb 1 , New Orleans http://www.pmaconference.com/nuc-ebro.pdf POWER MARKETS 2001 --MARCH 14-16, 2001 LAS VEGAS, NEVADA <<<< Now Available: Exhibition Space and Sponsorships http://www.pmaconference.com/0103Agenda.pdf ************************************************************************ --------------------T O P S T O R I E S-------------------- Top Stories (December 11) SOUTHERN CALIFORNIA EDISON SECURES $1B LINE OF CREDIT TO BUY POWER As Edison International (EIX) unit Southern California Edison presses state regulators to increase retail electricity rates so it can recover excess power costs, the company's senior vice president of public affairs announced Friday the utility secured a $1 billion line of credit to continue to purchase electricity for its customers. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/11/eng-djn/eng-djn_112021_118_546247379854 CALIFORNIA ELECTRIC GRID OPERATOR ADDRESSES ENERGY SHORTAGE Fears of widespread electrical outages eased on Friday after a rosier weather picture emerged and repairs at several power plants neared completion. http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri dder/2000/12/11/krtbn/0000-0132-SJ-POWER A GAS PRICE DAMPER: UTILITIES CONTINUE TO BUILD COAL-FIRED PLANTS It is commonly believed that all new generating capacity is going to come from gas-fired plants. Not so. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 000/12/11/ph/0000-0094-KEYWORD.Missing SIERRA PACIFIC RESOURCES ANNOUNCES SALE OF LAS VEGAS POWER PLANT Sierra Pacific Resources, parent company of Nevada Power Company and Sierra Pacific Power Company, today announced that Nevada Power Company has agreed to sell the Sunrise Station electric generating plant in Las Vegas, Nev., to Reliant Energy Power Generation, Inc., a subsidiary of Reliant Energy. http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2 000/12/11/pr/0000-3856-.industrytopstories.util DYNEGY TRADES $1.5 BLN VIA ONLINE ENERGY PORTAL Wholesale natural gas and electricity marketer Dynegy Inc. said on Monday its Dynegydirect Internet trading system had chalked up $1.5 billion in notional transaction values since its launch on Nov. 1. http://207.32.82.57/news/ElectricPower/12_11_2000.reutr-story-N11467.html ORION POWER BUYS COLUMBIA ELECTRIC CORPORATION FOR $200M CASH Orion Power Holdings Inc. purchased Columbia Electric Corp., a power generation company with assets under construction and development, in a transaction valued at about $200 million cash, plus the assumption of certain obligations. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/11/eng-djn/eng-djn_174019_230_587898343801 GREEN MOUNTAIN APPLIES TO BE 10TH TEXAS ELECTRIC SUPPLIER Green Mountain Energy Co. said Monday it has filed an application with the Texas Public Utility Commission to become a retail electric provider when Texas launches retail electric competition Jan. 1, 2002. http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/ 12/11/eng-djn/eng-djn_222024_200_803476220462 ---------------------------------------------------------------------- DOW JONES NEWSWIRES ---------------------------------------------------------------------- Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index Green Mountain Applies To Be 10th Texas Elec Supplier Powergen, LG&E Formally Complete Merger, Start Operations Edison International A3 Sec Unsec On Moody's Review-Down BPA: No Interruptible Customers Are Agreeing To Curtail Use Fitch Cites Liquidity Problems After Calif. Power Crisis Fitch Lowers Debt Ratings On Pacific Gas & Electric Fitch Lowers Debt Ratings On SoCal Edison, Edison Intl. Edison Intl, PG&E Dn -3: Sees Fincl Holes Deepening Orion Power Buys Columbia Elec Corp For $200M Cash <ORN CORRECT: Acela's Washington-Boston Run Took 6 Hrs, 41 Min Edison Intl Dn-2: Morgan Cuts PG&E To Neutral Edison Intl Down 17% On Morgan Stanley Downgrade <EIX Amtrak's Acela Washington-Boston Run Arrives 10 Min Late Price Caps Worsening Calif Pwr Woes -FERC Commissioner Chicago Blizzard -3: Detroit Automakers Eying Snowfall Chicago Blizzard -2: City Plans Morning Press Conference Duke Energy Fincl Chief -2: Brace Succeeds Osborne <DUK Brazil/Light/AES/EDF -3: AES To Control Light Subsidiary REPEAT:Brazil/AES/EDF -2: EDF To Buy 70%, AES 30% Brazil/Light/AES/EDF-2:EDF To Buy 70%,AES To Purchase 30% Dynegy/Online Trades -2: Web Site Began Trading Nov. 1 Brazil CSN Sells 9.2% Light Stake To AES, EDF For $362M Progress Energy -2: First Call 2000 Net View $3.31/Shr Duke Energy Names Robert Brace Financial Chief <DUK Revised Palo Verde Futures Vol. Dec. 08, 0 Progress Energy Sees 2001 EPS At $3.25-$3.35 <PGN Progress Energy On Track To Meet 2000 Projections Progress Energy Targets 7%-8% Annual Earnings Growth REPEAT: CALIFORNIA POWER ALERT: Crisis Not Averted Dynegy's Dynegydirect Surpasses $1.5B In Online Trades FERC To Make Surprise Inspectrions At Calif Pwr Plant SoCal Ed Secures $1B Line Of Credit To Buy Power<EIX West Coast Energy Crisis Heightened By Cold In Northwest S Korea To Retain Kepco's Overseas Ops In Near Term UK Competition Body Rejects Energy Mkt Abuse Conditions S Korea Kepco/HSFO Tenders-2:Delivery Jan 8-12, Jan 18-22 FREE TRIAL: For a free trial of the Dow Jones Energy Service go to www.dowjonesnews.com, and click "create account," or call 1-800-223-2274. ---------------------------------------------------------------------- N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-nat.htm Edison Mission Energy Power Project Starts Construction After Expedited Approval by California Energy CommissionOperation Targeted for August Azcentral.com - Big Names Dominate in Internet Energy Trading Race Southern California Has Some Relief in Energy Crunch from Nuclear Reactor Nuclear Plant's Return Helps California Power Picture California ISO Issues Stage Two Electrical Emergency Nuclear Plant's Return Eases California Power Crunch Demasz Moves Into Energy Services Department of Energy Nat Onal Energy Technology Laboratory; Notice of Availability of A Financial Assistance Solicitation A Gas Price Damper: Utilities Continue to Build Coal-Fired Plants Lexxor Energy Inc. Financing Update Cre Chief Pledges to Study Natural Gas Pricing Proposals Natural Gas Prices Could Climb 60% Cold Strains West Coast Energy The New Power Company Certified As A Retail Natural Gas Marketer in Georgia Devon Energy Announces Gulf of Mexico Discovery Swift Energy to Redeem Convertible Subordinated Notes Due 2006 Southern Energy Announces Financial Analyst Call Great River Energy Employees Continue to Make Safety A Priority Sierra Pacific Resources Announces Sale of Las Vegas Power Plant New Jersey Natural Gas Transfers Appliance Service Business to Affiliate - Announces Launch of Njr Home Services Operational Change Creates Opportunity for Seneca Resources Corporation to Sell Unused Natural Gas Marketplace: No-Guilt Power in Clark County -Retired Workers of Oak Ridge, Tenn., Energy Facility Press for Pension Hike -Natural Gas Futures Rise Beyond $1 To Record -Natural Gas Prices Increase, Oklahoma Utilities Stand By Price Predictions -Georgia Governor Wants GE Power Division's Headquarters in Atlant Diablo Canyon Nuclear Power Plant Unit 2 Back on Line Ahead of Schedule Unusual Event Ends at Beaver Valley Power Station; Incident Posed No Threat to Health Or Safety of Community Sempra Energy Solutions Wins Contract with World's Largest Natural Gas Bus Fleet Pacific Gas And Electric Company Expands Emergency Assistance Program in Light of High Gas Prices Boma San Diego Names Strategic Energy Electrical Strategic Partner of Choice Fuelcell Energy, Inc. Invites You to Join Its Progress Towards Commercialization And Fourth Qtr. Year-End Results Conference Call on The Web Power Discount Likely Energy Utility's Telecom Holdings Drop 70% in Value E-Acumen And Iir Partner to Provide Integrated Solution for Generating Unit Outages And Power Supply/Demand Modeling Catalytica Announces Stockholder Approval of Acquisition by DSM; Spin-Off of Catalytica Energy Systems Business to Occur Simultaneously NY Natural Gas Review: Up 9% After New Record on Midwest Chill Orion Power Holdings -- Deutsche Banc Alex. Brown's James Dobson Initiates Research Coverage Green Mountain Energy Company Files License Application to Provide Cleaner And Renewable Energy in Texas Repeats: Energy Volume And Open Interest Totals-DEC 11 Walkerton Considers Plan on Utility Rates DOE Selects Alabama Power Plant for Mercury Testing New Cold Wave Expected to Strain West Power Grid Top Energy Summaries - Monday, December 11, 2000 - 12:23 PM Visteon Corp - Visteon And Hyundai Announce CO-Development of Energy Efficient - Thermal System Texas Firm Scales Down Its Power Plant Proposal Alliant Energy Industrial Services Acquires Bastian Bay Pipeline Competitive Market Intelligence Redefines Utility Market Research Jones Day Swallows Texas Firm to Pursue Buoyant Energy Market Pema: Unusual Event Declared at Beaver Valley Power Station; Coolant Leak Reported Contained on Site BMO Nesbitt Burns Adds Industry Leader Charles Prioleau to Energy Team Company's Nevada Asset Portfolio Grows to Meet State's Demand; Reliant Energy Announces Purchase Agreement Covering Nevada Power Plants Reliant Energy Unit to Sell 52m Shares in Ipo, $14-$19 Range (Rei) Progress Energy Begins Trading under New Ticker Symbol PgnCEO William Cavanaugh to Ring Closing Bell at NYSE Top Energy Summaries - Monday, December 11, 2000 - 8:47 Am Mississippi Chemical Announces Pre-Tax Gain of $16 Million on Sale of Natural Gas Futures Contracts Calif. Cuts Back on Lights, Heat Northwestern States Also Face Energy Shortages, Cold Kaiser Makes a Bundle by Reselling Power Wind Power Proposal for New School New International Rectifier Hexfet Power Mosfets Maximize Efficiency in Targeted DC-DC Topologies Sequence Receives Fundamental Eda Patent for Power Design; Newly Issued Patent Reinforces Technology Leadership in Rtl Power Analysis And Optimization for System-on-Chip Ic's Yodlee Unveils Strategy for Delivering the Next-Generation of Aggregation-Based Applications14 Partners Already Signed Up to Develop New Applications for Advice, Analytics, And Transactions Using Yodlee's Personal Information Platform Terra Nitrogen Company, L.P. Sells Portion of Its December Natural Gas, Curtails Production Oge Energy Corp. Unit to Supply Natural Gas to New Calpine Power Plant Indeck Has a Lot of Work to Do Yet State, Township Permits Needed Before Power Plant Is Cleared Top Energy Summaries - Monday, December 11, 2000 - 7:39 Am Logica Announces Innovative Approach to Wireless Mobile SolutionsLogica And @Hand Form Business Alliance to Support The Fastest And Most Cost-Effective Development of Wireless Solutions for The Utility Industry Today The Role Natural Gas Storage Can Play in The California Energy Marketplace Trans Energy Reports Production of Nolan #4 Puget Sound Energy Inc - Files for Adjustment to Recover Higher Wholesale Gas Costs Energy Privatizations Highlight Treasury Dilemma Blunders Create a New Power Crisis ---------------------------------------------------------------------- I N T E R N A T I O N A L ---------------------------------------------------------------------- Access stories online at: http://www.powermarketers.com/pma-intr.htm Mexican Business Proposes New Natural Gas Pricing Scheme CMS Energy Writes Down Its Investment in Loy Yang Power Plant Argentina: Repsol-Ypf Starts Up Natural Gas Plant Proyecto Mega Bridge Update-Commodities: Energy Boosts Crb to... - Part 2 Of Energy and Political Crises Powergen, Lg&E Energy Announce Merger Completion Brazil: Previ to Sell Off Assets in Electric Power Trans & Distr Duke Energy CO Corp - Names Robert P. Brace Chief Financial Officer Acesita Sells Power Plant - Brazil Apex: San Cristobal Power Deal "Very Close" - Bolivia Pluspetrol Secures Power Plant US$50mn Loan - Argentina Oct. Generation Increases 4.2% - Venezuela Commonwealth Studies Water Utility Generation - Nicaragua Tajikistan Seeks Investment to Boost Energy Sector Uk: Innogy Plans Floating Its Energy Storage Business CLP Holdings, CLP Power A+ local currency rating affirmed: S&P Ukraine: National Security Chief Decries Running of Nuclear Power Plants Philippine Napocor may drop public bidding for one-year coal supply General Electric Cuts 200 Jobs UK Competition Commission rejects market abuse claims for British Energy, AES Iran to Build First Power Station Using Foreign Investment Chinese bank backs hydro project in Cambodia Honduras Power Plant 'Will Cut Regional Prices' Cross-border Power Auction ---------------------------------------------------------------------- KRT DAILY ENERGY NEWS ---------------------------------------------------------------------- Access stories online at http://www.powermarketers.com/pma-krt.htm -CEO of San Antonio, Texas, Energy Firm Receives Horatio Alger Award -Vectren Corp. to Close Downtown Indianapolis Offices -Retired Workers of Oak Ridge, Tenn., Energy Facility Press for Pension Hike -Natural Gas Futures Rise Beyond $1 To Record -Natural Gas Prices Increase, Oklahoma Utilities Stand By Price Predictions -Georgia Governor Wants GE Power Division's Headquarters in Atlant The Record, Stockton, Calif., Eric Grunder Column California Electric Grid Operator Addresses Energy Shortage San Jose, Calif., Residents Want Holiday Lights to Stay on Despite Energy Crisis, San Jose, Calif., City Displays Keep Holiday Lights Lit Engineering Testing Firm Acquires Salt Lake City Consultancy General Electric Executive Shifts Feature Many from Erie, Pa. Former Texas Instruments Engineer Receives Nobel Prize in Physics ---------------------------------------------------------------------- REUTERS ---------------------------------------------------------------------- Access stories online at: http://207.32.82.57/news/ElectricPower.html ANALYSIS-Cominco cashes in on U.S. power crisis U.S. West struggles to keep electricity flowing FEATURE-Ukraine energy sector to survive Chernobyl closure Cold front to hit mid-Atlantic states by Thursday UPDATE 1-Pa Beaver Valley nuke shuts, restart unknown UPDATE 1-KeySpan raises EPS expectations for 2000, 2001 Moody's may cut Southern CAlifornia Edison's A2 rating U.S. FERC to meet Friday on California power crisis Moody's may cut Pacific Gas and Electric's ratings Fitch cuts Southern Cal Edison, Edison Intl, PGE ratings Calif. again urges power savings but crisis seen easing Magnum Hunter warrant exercise raises $54 mln Dynegy trades $1.5 bln via online energy portal ANALYSIS-Cutbacks boost aluminium, demand worries remain S&P rates Entergy-Koch corporate credit single-A Reliant adds Sunrise Station to Las Vegas power fleet AES and EDF to buy 9.2 pct of Light for $362 mln Duke names ex-BT finance director Brace as CFO UK-France power cable capacity to be auctioned-NGC CMS writes down stake in Australian power plant NYMEX January natgas again hits new highs on ACCESS Indian power workers' strike may result in outages UPDATE 1-UK scraps wholesale power market abuse rule UPDATE 1-National Grid names new CEO, holds course British Energy welcomes competition ruling ********************************************************* NEW on the POWERMARKETERS.COM TRAINING PAGE ********************************************************* Access all online presentations at: http://www.pmaconference.com New! Now you can choose to stream the presentation immediately over the web, or download it to your computer for later viewing-- Free! New! Five additional RealVideo-based powerpoint-based presentations, with the accompanying audio. Running about 30 minutes each, the new selections include: ELECTRONIC TRADING. Power is following natural gas to become an electronically-traded commodity. The products, the technology and the future of electricity transactions. Kevin Sluder, Vice President, HoustonStreet Exchange. NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing operation together-- the cash and credit requirements, back office, information technology, staffing, marketing, sales and organizational considerations. Andrew Serri, Vice President, AmerenEnergy Marketing. RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus far been an underwhelming success, but a great deal has been learned, and it is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone MANAGING BILLING. The complex requirements for managing billing and commodities in the deregulating energy industry cannot be met with current CIS and CRM technology. Energy Retailers must embrace the next evolution of energy customer management (ECM) solutions. Paul Grey, Chief Technology Officer, Peace Software. THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster execution, reduced transaction costs, increased number and frequency of transactions and increased specialization are just some of the changes to energy markets wrought by the web, and it's just beginning. Implecations of the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and Director, Altra Energy Technologies. Access all online presentations at: http://www.pmaconference.com **************************************** THE PowerMarketers.com ENERGYYELLOWPAGES **************************************** http://www.energyyellowpages.net Where to go when you're looking for: Billing Systems, Brokers, Call Centers, Coal Marketers, Computers & Networks, Conference Houses, Energy Management, Engineering Services, Environmental Services, Exchanges & Clearing Houses, Executive Search Services, Financial Services, Gas Marketers, Information Services, Internet Services, Legal Services, Management Consulting , Marketing, Meters, Power Marketers, Powerplant Development, Powerplant Equipment, Risk Management, Sales, Software, Trade Associations, Training, Weather Services and more! 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PMA ONLINE MAGAZINE: Access online at: http://www.retailenergy.com/pmamag.htm News releases may be submitted to The PowerMarketers.com Power Report via e-mail to news@powermarketers.com Copyright 2000 by PowerMarketers.com: http://www.powermarketers.com/ The PowerMarketers.com Power Report is a complimentary service of The Power Marketing Association. Headlines are copyrighted by their respective services: Reuters, Knight-Ridder, and others. Subscriptions to the PowerMarketers.com Power Report are free - you will never be charged. You may redistribute this e-mail without change. You may not redistribute stories. To register for a free subscription, point your browser to: http://www.retailenergy.com/pma/dprreg.htm TO UNSUBSCRIBE OR CHANGE your subscription, (1) point your browser to "The PMA OnLine Power Report" subscription services form at http://www.retailenergy.com/pma/dprreg.htm OR (2) , send a message to pma@powermarketers.com. 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